Shell Gas Station and Convenience
830 W Us 41, Ishpeming, MI 49849
For Sale
$550,000
A retail beer, wine, and liquor license is included with the fuel and convenience business.
Property Size1,800 SF
Price / SF$305.56
Days on Market124
Property Features for 830 W Us 41
General Information
Standard status
Size
Property subtype
Zoning
Automotive
Automotive Uses
Convenience Store
Fuel Brand
Tenancy & Operations
Currently Operating
Real Estate Included
Additional Details
Business Included
Amenities
Security Lighting
Building Details
Year Built
Buildings
Listing Agency:
Re/Max 1st Realty
(906) 225-1136
Listed By:
Bradley Argall · License MI #6506048978
(906) 458-2180
Source:
Jabachler
Added: Jul 12
Changed: Nov 11
Last Checked: Nov 11 at 11:09PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Re/Max 1st Realty
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This Shell-branded gas station and convenience store occupies an approximately 1,800-square-foot building on a nearly one-acre commercial parcel. The property includes a retail beer, wine, and liquor license, and the building dates to 1992. Commercial zoning is in place at the site.
At 830 W US 41 in Ishpeming, the property sits next to McDonald’s and among established businesses and commercial development. The existing gas station and convenience store operation may continue under new ownership.
At 830 W US 41 in Ishpeming, the property sits next to McDonald’s and among established businesses and commercial development. The existing gas station and convenience store operation may continue under new ownership.
Key Highlights
- Shell‑branded gas station with convenience store
- Approximately 1,800‑square‑foot building
- Nearly one‑acre parcel with Commercial zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,931
Cap Rate
4.53%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$498,620
$498.6K
Cap Rate 7%
$356,157
$356.2K
Cap Rate 9%
$277,011
$277.0K
Market Conditions
NOI Build-Up for 1,800 SF
Gross rent
$34.1K $18.96/SF
− Vacancy
−$887 −$0.49/SF
EGI
$33.2K $18.47/SF
− OpEx
−$8.3K −$4.62/SF
NOI
$24.9K $13.85/SF
Area
Marquette County, MI
Vacancy
2.60%
Lease Rate
$18.96 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$498,620
Cap Rate 7%
$356,157
Cap Rate 9%
$277,011
Alternative Uses
Best Use
Specialty Retail
$356.2K
$311.6K – $415.5K
NOI $24,931 @ 7.0% cap · market cap 4.53%
Second Best
Retail
$315.6K
$276.1K – $368.2K
NOI $22,090 @ 7.0% cap · market cap 4.02%
Theoretical Best
Office A
$530.1K
$463.9K – $618.5K
NOI $37,109 @ 7.0% cap · market cap 6.75%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
107
Businesses Nearby
25k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 78%
Dining 22%
Holiday Station Store
Shops & Services
15,634 visits/mo
0.3 miles
Family Dollar
Shops & Services
3,433 visits/mo
0.5 miles
Little Caesars Pizza
Dining
3,344 visits/mo
0.3 miles
Pizza Hut
Dining
2,187 visits/mo
0.4 miles
Demographics for 49849, MI
11,819
Population
5,915
Households
2
Avg Household Size
43
Median Age
26%
College-Educated
95%
High-School Grad
241.4 sq mi
ZIP Area
49
Density / Sq Mi
$63,425
Median Household Income
$35,081
Median Earnings
$769
Median Rent
$145,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Gas station - A retail beer, wine, and liquor license is included with the fuel and convenience business.
Where is this gas station located?
The property is located at 830 W Us 41 Ishpeming, MI.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: Shell‑branded gas station with convenience store; Approximately 1,800‑square‑foot building; Nearly one‑acre parcel with Commercial zoning
